Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 700 Shares of Alexandria Real Estate Equities Inc (ARE)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,782 shares of the real estate investment trust’s stock after selling 700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Alexandria Real Estate Equities were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ARE. Advisors Preferred LLC boosted its stake in shares of Alexandria Real Estate Equities by 142.3% in the second quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 505 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $164,000. NumerixS Investment Technologies Inc bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $177,000. Advisor Partners LLC bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $205,000. Finally, Private Advisor Group LLC bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $206,000.

Several equities research analysts recently issued reports on the company. Citigroup boosted their price target on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research note on Monday, October 29th. Finally, Evercore ISI set a $148.00 price target on Alexandria Real Estate Equities and gave the company a “buy” rating in a research note on Monday, October 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Alexandria Real Estate Equities presently has an average rating of “Buy” and an average price target of $121.17.

NYSE ARE opened at $121.59 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.27 and a quick ratio of 0.27. Alexandria Real Estate Equities Inc has a fifty-two week low of $114.00 and a fifty-two week high of $134.37. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share for the quarter, topping the consensus estimate of $0.49 by $1.50. Alexandria Real Estate Equities had a return on equity of 6.50% and a net margin of 34.48%. The firm had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $343.42 million. During the same period in the prior year, the company earned $1.51 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, analysts predict that Alexandria Real Estate Equities Inc will post 6.6 EPS for the current fiscal year.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $122.81, for a total transaction of $614,050.00. Following the completion of the sale, the insider now directly owns 557,255 shares in the company, valued at $68,436,486.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James P. Cain sold 450 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $122.23, for a total value of $55,003.50. Following the sale, the director now owns 3,040 shares of the company’s stock, valued at $371,579.20. The disclosure for this sale can be found here. Insiders have sold 32,450 shares of company stock valued at $4,069,874 over the last 90 days. Corporate insiders own 1.41% of the company’s stock.

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Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

Further Reading: What are earnings reports?

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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